Cantillon Capital Management LLC Purchases 15,891 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Cantillon Capital Management LLC lifted its position in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,977,411 shares of the company's stock after buying an additional 15,891 shares during the quarter. Live Nation Entertainment comprises approximately 2.3% of Cantillon Capital Management LLC's holdings, making the stock its 20th biggest position. Cantillon Capital Management LLC owned approximately 1.28% of Live Nation Entertainment worth $385,575,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. ValueAct Holdings L.P. acquired a new position in shares of Live Nation Entertainment during the 3rd quarter worth about $111,094,000. PointState Capital LP acquired a new position in Live Nation Entertainment during the third quarter worth approximately $102,762,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Live Nation Entertainment by 55.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,079,064 shares of the company's stock valued at $118,147,000 after buying an additional 387,008 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Live Nation Entertainment by 37.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,423,428 shares of the company's stock valued at $155,851,000 after buying an additional 385,143 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Live Nation Entertainment by 9.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,763,557 shares of the company's stock worth $410,664,000 after acquiring an additional 321,832 shares during the period. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Live Nation Entertainment Price Performance

Shares of NYSE LYV traded down $1.40 during mid-day trading on Monday, reaching $141.96. The company had a trading volume of 2,281,765 shares, compared to its average volume of 2,107,836. The firm has a market cap of $33.13 billion, a price-to-earnings ratio of 52.19, a PEG ratio of 1.81 and a beta of 1.38. The business's 50-day simple moving average is $140.44 and its 200 day simple moving average is $124.94. Live Nation Entertainment, Inc. has a one year low of $86.81 and a one year high of $157.75. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.01 and a current ratio of 1.01.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of ($0.93) by $1.49. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. The firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.67 billion. On average, research analysts predict that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Insider Activity at Live Nation Entertainment

In other Live Nation Entertainment news, EVP Michael Rowles sold 63,136 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $155.40, for a total value of $9,811,334.40. Following the sale, the executive vice president now owns 195,346 shares of the company's stock, valued at approximately $30,356,768.40. This trade represents a 24.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.72% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on LYV shares. Roth Mkm raised their price target on Live Nation Entertainment from $152.00 to $174.00 and gave the company a "buy" rating in a report on Friday, February 21st. Rosenblatt Securities restated a "buy" rating and set a $146.00 target price on shares of Live Nation Entertainment in a research note on Tuesday, February 18th. Bank of America lifted their target price on shares of Live Nation Entertainment from $149.00 to $175.00 and gave the stock a "buy" rating in a report on Monday, February 24th. JPMorgan Chase & Co. increased their price target on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, StockNews.com upgraded Live Nation Entertainment from a "sell" rating to a "hold" rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $156.00.

Live Nation Entertainment Company Profile

Live Nation Entertainment, Inc operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.